Klarna's Profit Turnaround
Klarna has made a remarkable recovery, swinging from a significant net loss of $992 million in 2022 to achieving a profit in Q3. With a 30% increase in revenue and improved gross merchandise volume, the company has successfully reduced costs and credit losses. This turnaround highlights the resilience of the private BNPL sector, showcasing Klarna's ability to adapt and thrive in a challenging market.In this clip
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It’s been a long time since we’ve seen such positive signals in fintech
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